Tullow Oil (LON:TLW) Trading Up 24.2% – Here’s What Happened

by · The Cerbat Gem

Tullow Oil plc (LON:TLW – Get Free Report) shot up 24.2% during mid-day trading on Monday . The stock traded as high as GBX 6.10 and last traded at GBX 6. 26,866,404 shares traded hands during mid-day trading, an increase of 151% from the average session volume of 10,695,014 shares. The stock had previously closed at GBX 4.83.

Analyst Ratings Changes

Several research analysts have commented on TLW shares. Panmure Gordon cut their price objective on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a research report on Monday, November 24th. Canaccord Genuity Group dropped their target price on Tullow Oil from GBX 16 to GBX 10 and set a “hold” rating on the stock in a report on Thursday, August 7th. Shore Capital restated a “buy” rating on shares of Tullow Oil in a report on Friday, September 5th. Finally, Jefferies Financial Group lowered their price objective on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of GBX 12.85.

Check Out Our Latest Report on TLW

Tullow Oil Stock Performance

The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The company has a market capitalization of £87.90 million, a PE ratio of -0.43, a PEG ratio of -0.19 and a beta of 2.08. The company has a 50 day moving average price of GBX 9.27 and a 200 day moving average price of GBX 12.35.

Tullow Oil Company Profile

(Get Free Report)

Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. The Company’s operations are focused on its West-African producing assets in Ghana, Gabon and Côte d’Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.

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